Delhi High Court: Phonetic Similarity between Boat & Boult Can Cause Confusion Online || SC: Recording Reasons Is Mandatory For Searches without A Warrant under Special Laws || SC Dismissed MP Police Plea against Quashing FIR Alleging Marital Cruelty against MLA Umang Singhar || SC Held Financial Bids in Public Tenders Cannot Be Altered Post-Opening To Protect Process Sanctity || SC: Defendant Cannot File a Counter-Claim against a Co-Defendant under Order VIII Rule 6-A CPC || Supreme Court Ruled That Barring Non-Muslims from Creating Waqfs Is Not Prima Facie Arbitrary || SC Rejected Writ Petition Seeking Review of Judgment Upholding WB Madrasah Service Commission Act || SC Grants Interim Bail to Mahesh Raut on Medical Grounds in Bhima Koregaon Case || SC: Non-Production of Contraband Not Fatal If Seizure and Sample-Drawing Follow S.52A of NDPS Act || Supreme Court Takes Suo Motu Cognizance of Industrial Pollution in Rajasthan's Jojari River

Unity Small Finance Bank Limited commences operations- (Reserve Bank of India) (01 Nov 2021)

MANU/RPRL/0182/2021

Banking

Unity Small Finance Bank Limited has commenced operations as a small finance bank with effect from November 1, 2021. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Centrum Financial Services Limited, the promoter of the Unity Small Finance Bank Limited was granted an 'in-principle' approval to set up a small finance bank, as announced in the press release on June 18, 2021, under "Guidelines for 'on tap' Licensing of Small Finance Banks in the Private Sector" dated December 5, 2019.

Tags : FINANCE BANK OPERATIONS COMMENCEMENT

Share :